Insurance Information Institute: California's Insurers Still Feel Impact of 2017-2018 Wildfires
September 22, 2023
September 22, 2023
NEW YORK, Sept. 22 -- The Insurance Information Institute issued the following news release:
California's homeowners insurers cumulatively paid out more than twice as much in claims and expenses as they collected in premiums in both 2017 and 2018, a legacy impacting 2023's market conditions, according to the Insurance Information Institute (Triple-I).
"Insurers have earned healthy underwriting profits on their homeowners insurance business in all but two . . .
California's homeowners insurers cumulatively paid out more than twice as much in claims and expenses as they collected in premiums in both 2017 and 2018, a legacy impacting 2023's market conditions, according to the Insurance Information Institute (Triple-I).
"Insurers have earned healthy underwriting profits on their homeowners insurance business in all but two . . .